M E M O R A N D U M
To: Honorable Mayor and Town Council
From: Rafael G. Casals, Town Manager
Date: February 19, 2014
Re: Issuance of Request for Qualifications (RFQ) #14-02 - Financial Advisory Services
REQUESTTitle
A RESOLUTION OF THE MAYOR AND TOWN COUNCIL OF THE TOWN OF CUTLER BAY, FLORIDA, AUTHORIZING THE ISSUANCE OF A REQUEST FOR QUALIFICATIONS (RFQ) FOR FINANCIAL ADVISORY SERVICES; AND PROVIDING FOR AN EFFECTIVE DATE.
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BACKGROUND AND ANALYSIS
The Town of Cutler Bay Department of Finance would like to release a Request for Qualifications (RFQ) to identify qualified professional Financial Advisory Consulting firms to assist the Department staff with financing, investment and other financial resource management projects that may come up from time to time. Such projects may include, but are not limited to, assisting the Town with the refinancing of its long-term debt, assisting the Town develop a formal investment policy as well as analyze and recommend potential investments, and assisting the Town in developing short, mid and long term financing scenarios to help guide the Town in implanting its development and operating plans. Prior to releasing the RFQ, Town Ordinance No. 06-22 requires the Town Manager to seek authorization from the Town Council to advertise the solicitation for bids or proposals.
In order to comply with our procurement process, staff has developed a Request for Qualifications in which two (2) technically qualified Financial Advisory Consulting firms (the "Consultant") will be selected for oral presentations, after which one candidate will be recommended to the Town Council for consideration.
The Consultant will be selected based on:
> Financial advisory credentials and accomplishments of key members of the team
> Quality of the projects and accomplishments of the Consultant(s) in providing similar services to entities comparable to the Town
> Consultant's track ...
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